Bajaj Auto is showing a Consolidation Phase. On Detailed analysis it appears as DISTRIBUTION PHASE and it is Expected to go down.
Ready for Breakdown, Downside target is Rs.4500.00, just share my view not a buy or sell signal/call/tip.
Bajaj auto result analysis one can go short or long according to the marking
An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs. Ascending Channels: How to Trade This Technical...
overall trend is up so my view is bullish, entry exit price will be: buy above 4670 tgt 4800 sl 4568
Weekly Candle Hold/Buy for long Stop loss below the candle
New gate open for 5100 with stoploss of 4700 only Low stoploss is my speciality
bajajauto broke above triangle pattern on an hourly chart with good volumes. could be bought with mentioned stoploss & target.
price stand at 44 moving average taking support (4558) by pivot .... if breaks the last day high 4670 then target will be high.... but i want to mae it at 4770.
seems on its corrective phase . 4430 on board keep an eye
Bajaj auto can be shorted due to the following reasons 1)M pattern formation on daily chart 2)In parallel range 3)If Breaks support zone then favorable RR 4)20& 50 EMA on an hourly chart is about to have crossover
Auto sector has almost peaked. First target 4400 (2-3 % ) ; second target 4300 by June end . > 90% probability .
Charts show macd divergence and with the last wee closing candles suggesting much needed correction is on the way on this stock will start shorting from 4800 and will wait till 4620. Do remember there is 140 rs dividend adjustment coming on 30th june
we can long Bajaj auto as per consolidation, morning star on bottom or trendline support and butterfly pattern on monthly time frame. In upcoming day we can see 20 % move in bajaj auto. cheers!!!
Perfect Negative Divergence In Bajaj Auto Book Longs
bajaj auto macd possible to crossed above 0 rsi above 60 price 4643 acting as resistance likely to get breakout tomorow
Killer setup here in bajaj auto everything explained in chart take help from your advisor
~All the information given in the chart is for the educational purpose only. ~Do your own research before investing. ~This is not my recommendation. ~My recommendation--LEARN MORE EARN MORE.